Uncertainty about the rate of commodities continues to beat the imagination of market forces and consumers with the month of Ramadan few days away. The situation is likely to worsen, going by the current economic situation in the country, reports Daily Trust. Both traders and consumers interviewed by our correspondents described the present da...
•TUC President Festus Osifo The Trade Union Congress (TUC) has responded to a dig by President Bola Tinubu where he told the labour unions to stop their protests and wait for 2027 to join the political process. The president at the inauguration of the Lagos Red Line project on Thursday asked told the labour unions […]
At least 20 students of some boarding public schools in Potiskum, Fika, and Fune Local Government Areas of Yobe State have died from a suspected Meningitis outbreak. It was learnt that the deaths were recorded in Government Science Technical College, Government Girls Science Technical College, and Federal Government Girls College, all in Potis...
•Lassa Fever The Director General of the Nigeria Centre for Disease Control and Prevention (NCDC), Dr Jide Idris, has confirmed the outbreak of the viral haemorrhagic fever (Lassa fever) that claimed the lives of three staff members of 44 Nigerian Army Reference Hospital, Kaduna. Briefing journalists yesterday in Abuja, Idris said that the NCD...
The naira yesterday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja, Lagos and Kano and some operators were arrested, reports Daily Trust. Despite the raids, however, the naira plunged further with a dollar exch...
•Fuel queue in Lagos Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting ₦1000 per litre in some parts of Lagos States. Our patrol team today observed that most filling stations in Lagos State, Ogun [&hellip...
•Petrol scarcity Long queues resurfaced today, Monday, February 19, at Premium Motor Spirit (PMS) petrol stations in the Federal Capital Territory (FCT) as the Nigerian Association of Road Transport Owners (NARTO) halted tanker operations, citing unsustainable high costs. The association has notified the federal government and Major Energy Mar...
The foreign exchange crisis worsened yesterday as the local currency further depreciated, exchanging at N1,600 to a dollar at the parallel market, findings have shown. This was coming a few days after the local currency hit an all-time low at the official market, crossing N1,500 to one dollar, reports Daily Trust. The naira has come […]
The National Bureau of Statistics (NBS) said today that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024, noting that food inflation also increased to [&hel...
•Bags of rice This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, […]